Trade Nation Reviews

Trade Nation Reviews

Overview of the Trade Nation

Trade Nation is a global Forex, indices, commodities, and equities broker that prides itself on being honest and transparent.

More about the company

The online broker was known as Core Spreads from 2014 to 2019. The company has since expanded worldwide under Trade Nation and is regulated by the FCA in the UK, ASIC in Australia, FSCA in South Africa, and SCB in the Bahamas. The brokerage company has offices in each of these main countries.

Trading platforms

Trade Nation offers its trading platform in addition to the popular MetaTrader 4 (MT4).

Trade Nation Platform.

The custom-built platform is intuitive and provides flexible charting functionality through a sleek user interface.

Many interactive graphic styles are available, such as histograms and candlestick charts, as well as the ability to change the time frame from one minute to one month. It’s also easy to overlay information on graphs with a decent selection of drawing tools. An additional trade button in the chart view means that positions can be filled quickly.

MetaTrader 4

The broker also provides the popular MT4 platform for Forex trading. A demo video detailing how clients can link their Trade Nation account to an MT4 terminal is available on the broker’s website.

Markets and assets

Trade Nation is transparent about its investment options, providing a market information sheet with detailed information about each instrument, relevant spreads, and trading hours. This includes 33 currency pairs, 23 popular indices (cash and futures), 8 differential indices, 9 commodities (energy and metals), 3 bond options, and 6 stocks.

The only notable absence is the ability to invest in cryptocurrencies like Bitcoin.

Trade Nation Reviews
Trade Nation Reviews

Commissions and Spreads

Clients benefit from fixed spreads starting at 0 pips at Trade Nation. The spreads for both EUR/GBP and EUR/USD are 0.6 pips until 10 pm. The market information sheet contains detailed spread information at any time of the day.

It is important to note that the company is upfront about its trading fees. Apart from spreads, the only other fee is overnight interest applied to open positions. The amount depends on the market and the direction of investment. Customers can contact customer service if specific information is required.

An Overview of Leverage

The leverage offered depends on which financial authority regulates the trader’s account.

Leverage of up to 1:30 is available for FCA and ASIC-regulated accounts, which is the maximum rate available under these regulatory bodies. Leverage up to 1:200 is offered for FSCA and SCB accounts.

Please note that traders should be aware of the risks associated with using leverage to increase position sizes. Although margin trading provides an opportunity to increase profits from a given investment, it can also lead to increased losses.

Mobile applications

Trade Nation

Trade Nation provides an app for its investment platform that is available for download for iOS and Android users. While there are no reviews available on the Google Play Store, we found it to be quick and easy to navigate, as well as offering the ability to create your market watchlists. You can also manage both live and hands-on accounts from the app.

MetaTrader 4

MetaTrader 4 also has an application that allows users to invest in forex from anywhere, 24/5. The app has excellent reviews and provides full control over trading accounts in addition to financial market news and chat functionality.

Automated bots as well as one-click trading are available on the MT4 app. You can use various types of instant and pending orders. The only downside is that detailed technical analysis is more difficult to perform than on a desktop terminal.

Deposits and withdrawals

The firm allows credit and debit card deposits using Visa and MasterCard. Alternatively, funds can be deposited via bank transfer or Skrill digital wallet. Credit and debit cards are instantly credited, while wire transfers can take up to three business days to appear in Trade Nation accounts. UK customers can also use PayPal.

Demo Account

Trade Nation offers a free, hands-on platform where clients can test investment strategies with $5,000 in virtual funds. We were impressed to find that the broker provides a customized demo account guide, which can also be requested via the callback service on the website.

Regulation and licensing

Trade Nation is licensed in every country in which it operates. In the UK, Trade Nation is the brand name of Finsa Europe Ltd., which is authorized by the reputable Financial Conduct Authority (FCA) and provides an £85,000 deposit protection scheme through the FSCS.

In addition, Trade Nation uses the Signal Centre, which provides trading signals for a range of indices, currencies, and commodities. This provider is also authorized and regulated by the FCA.

Account Types

The Trade Nation account structure is simple, with only two account types available: low-leverage accounts (up to 1:30) and high-leverage accounts (up to 1:200). Clients will not benefit from FCA or ASIC regulation or any financial compensation scheme if they apply for high leverage solutions. Market access, commissions, and trading instruments are the same for every account.

Customer Service

Trade Nation prides itself on offering a high level of personal support without the use of robots. Customer service is available 24/5 (Sunday 10pm-Friday 10 pm GMT). This includes the live chat service, which we found responsive and accommodating.

Countries with which Trade Nation works and does not work

With three regulated entities TradeStatiolia, South Africa, and the Bahamas), TradeNation can accept investors from all over the world.

Notable exceptions where TradeNation cannot accept traders from New Zealand, the US, Canada, Belgium, and Algeria include them.

Conclusion

The trading nation goes a long way toward delivering on its promise to defy industry norms by being transparent and honest. It offers competitive fixed spreads for several popular financial markets. We were particularly impressed with the measures taken to support customers, such as a one-on-one demo account review and extensive video demos. This regulated broker is a good choice, especially for traders who are new to the industry.

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